What financial crisis? Ferrari is expecting record sales in 2008 and at its Ferrari California debut at the 2008 Paris Motor Show today, the Italian automaker said it has sold out of the convertible until 2011. Ferrari has sold the entire 2009 and 2010 production of the $246,724 hard-top California.

According to Ferrari’s boss Luca Cordero di Montezemolo, 60 percent of buyers who have ordered the car have never bought a Ferrari. Montezemolo said that Ferrari will not be increasing production to meet demand and will continue with the 2,800 units planned for 2009 and the 3,000 planned for 2010.

Refresher: Power comes from a 4.3L V8 producing 460 horsepower engine mated to a 7-speed dual clutch transmission. 0-60 comes in just under 4 seconds with a top speed of 193mph.

Live from Paris 2008: Ferrari California:

Ferrari California:

Source: Automotive News (Subscription Required)